alt Hacker NewsThe credit system is not the same in Europe, first of all there is no such thing as credit rating and what not.
People don't have credit card like the one in US and Canada.
The vast majority use a debit card.
Replies
csnweb • yesterday at 6:13 PM
We do very much have credit rating in Germany, might be very different than the one in the US, don’t know theirs.
the credit rating system in Europe is quite different from the one in the United States and varies significantly from country to country.
but credit ratings are definitely a thing, they're just not FICO scores.
Equafax is still a thing in the UK and Spain, etc.